We know you’re well into Valentine’s Day planning, and we wanted to help you make the most of this holiday. That’s why we’ve compiled four of the most important Valentine’s Day statistics so you can use the information as you prepare your 2023 marketing.
1. Overall Spending
Spending has continually increased for Valentine’s Day, except for the drop in 2021, influenced by Covid-19. In 2022, consumers spent close to $24 billion on Valentine’s Day gifts, the second-highest amount since 2007. The most popular gifts were candy (56%), greeting cards (40%), and flowers (37%).
2. Floral Spending
Customers spent $2.3 billion on flowers for Valentine’s Day in 2022, also the highest amount since 2007 (tied with 2020). As for the most popular flower, it will come as no surprise: red roses account for 70% of all Valentine’s Day flower purchases.
3. Spending by Demographics
Millennials spend the most on Valentine’s Day gifts, specifically those between the ages of 23 and 29. The highest spending averages come from these younger millennials ($266) and Generation X ($268). Additionally, almost 68% of men said they planned to purchase Valentine’s Day gifts, with an average spending amount of $339.
4. Email Marketing
Flower businesses send the most email marketing campaigns for Valentine’s Day. Between January 15 and February 14, more than 38% of email campaigns were for flowers, compared to 21% for mass merchants, 21% for chocolate, and 7% for jewelry. Plus, more people open emails about flowers: The email open rate for flowers is 17%, compared to 15% for mass merchants, 11% for chocolate, and 9% for jewelry.
How to Use These Valentine’s Day Statistics in Your 2023 Marketing
Now that you know these key Valentine’s Day statistics, here’s how to use them to increase your sales and revenue this holiday:
• Send your email marketing campaigns to key demographics
If you have this information, create an email list that goes to your millennial and Gen X customers and heavily promote to this list. Also, spend most of your time promoting to men, as they will spend more on flowers. Of course, don’t forget the rest of your list — just focus on these demographics to maximize your return.
• Promote on Facebook and Instagram to reach millennials
Millennials use Facebook more than any other demographic and spend a lot of time on Instagram as well. So, since this demographic is most likely to spend money on Valentine’s Day gifts, focus your promotional efforts on these two social media platforms.
• Write compelling subject lines to increase email open rates
You can easily improve your email open rates from the industry average (17%) by creating subject lines that your customers are more likely to open. “Limited time,” “% off,” “today only,” and “exclusive” are just some of the words proven to increase open rates. Remember to focus on your special discounts and offers to reach those last-minute shoppers.
These are just a few ideas to help you increase your revenue this Valentine’s Day. We can’t wait to see what ideas you come up with — and hear about your results!
FAQs
Americans send 145 million Valentine's Day cards each year. According to Hallmark, a whopping 145 million Valentine's Day cards are exchanged every February 14 (and that's not even including all those kids' valentines exchanged in classrooms!).
What are three facts statistics on Valentine's Day gift giving? ›
67.68% of men said they would purchase Valentine's gifts for their loved ones; Men are likelier to spend more on gifts, with an average spending of $249; Women, on the other hand, have an estimated spending of $57; 60% of flowers purchased by women on Valentine's Day are going to themselves.
What is the percentage of roses consumers buy on Valentine's Day? ›
Almost half of the cut flowers purchased (47 percent) are roses.
How many roses are sent every Valentine's Day? ›
The Society of American Florists says that 250 million roses are produced for the holiday, but it doesn't estimate spending.
What are 4 facts about Valentine's day? ›
- A Roman fertility festival was the holiday's precursor. ...
- There was more than one St. ...
- Valentine's Day wasn't romantic until the Middle Ages. ...
- The earliest known valentine has a sad love story behind it. ...
- Wearing your heart on your sleeve might have been a real thing. ...
- Cupid was a Greek god.
What is important about Valentine's day? ›
Valentine's Day is most commonly associated with romantic love, with millions of Valentine's Day cards being exchanged each year. Gifts of flowers or a single red rose are sent with romantic messages to loved ones and couples spend special time together.
What are 3 norms associated with Valentine's Day? ›
Celebrating Valentine's Day in the United States comes with multiple go-to practices. Offering a bouquet of red roses to your beloved. Purchasing a card with a heartfelt message. Sharing a candlelit meal with your partner.
Which gender spends more on Valentine's Day? ›
Not only that, Valentine's Day tends to be the most popular day to get engaged. Spending differs by gender and age. Men spend more on Valentine's Day ($200+), while women usually spend less. Millennials are the biggest spenders, with those in that age group planning to spend around $300 on the holiday.
What are the values of Valentine's Day? ›
It is a day where we celebrate the value of love. Yes, most would be focusing on romantic love on this day. But Valentine's can also be celebrated as a family. It can also be a celebration of self-love.
Why are roses so expensive on Valentine's Day? ›
Approximately 250 million roses are grown each year just for Valentine's Day. Making sure that all these flowers are delivered within 24 hours costs money, as growers cover the costs of meeting the high demand under difficult conditions.
Now, approximately 114 million cards are sent out each Valentine's Day. Last year over 250 million roses were sold, with almost 70% being red. The rose became the flower of valentine's day because of its affiliation with Aphrodite, the goddess of love.
What are the facts about Valentine's Day flowers? ›
Men are far more likely to buy flowers or plants than women — 60% to 33%, respectively. Roses are the most popular Valentine's flower, with over 250 million produced exclusively for the holiday each year. Of those who planned to buy flowers for Valentine's 2024, 70% said they'd be buying roses.
Why are roses so popular on Valentine's Day? ›
It is believed Aphrodite's tears and the blood of her lover, Adonis, watered the ground from where bushes of red roses grew. It then became a symbol of true love until death for Romanas. And now, the world makes use of red roses to express their feelings and admire another person's beauty.
Are red roses more expensive than pink? ›
Here are five things to know if you are buying flowers. Red roses are more expensive now. Red roses—especially the long-stemmed kind—are considered “overpriced” around Valentine's Day thanks to high demand and consumers' willingness to pay.
What age group buys flowers the most? ›
The median age breakdown of flower and gift sales is very close to demographics of the overall Top 1000, of which 25.5% are in that 25 to 34-year-old category. 20.4% of shoppers are adults aged 35-44, compared to 21.2% of Top 1000 customers overall.
What percentage of the world celebrate Valentine's day? ›
This is demonstrated by a recent global survey. Of the 18,201 consumers in 17 global markets, 59% say they'll celebrate Valentine's Day in some way. However, the proportions of celebrations in markets vary greatly.
What percentage of people propose on Valentine's day? ›
Valentine's Day is the Most Popular Single Day for Wedding Proposals
Thanksgiving Day | 6.6% |
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Christmas Day | 9.1% |
New Year's Eve | 8.5% |
New Year's Day | 3.4% |
Valentine's Day | 17.2% |
2 more rows
What percentage of Americans skip Valentine's day? ›
Just over half of all Americans (51%) say they have celebrated Valentine's Day before and will do so again this year. Women are more likely than men in the US (55% vs. 46%) to say this. Nearly three in ten Americans (29%) say they've celebrated Valentine's Day before but will skip it this year.
What percentage of people eat out on Valentine's day? ›
Nearly four out of 10 people plan to go out to eat to celebrate Valentine's Day, more than any other holiday surveyed by data and tech firm Numerator.